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TDS on Monthly Expenses Provission

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39 Points Posted on 09 March 2022
Suppose I made provision for expenses 0n 31 st january and get the bill on February and Bill date is 05.03.2022

then when I deducted TDS ?
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On 09 March 2022 at 18:32 Report
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CFO- at NHTF
58280 Points Posted on 09 March 2022
Bill or payment is the basis for Tds ..

Provision alone is not point of implication of Tds deduction
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On 09 March 2022 at 20:05
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Profession Business
28207 Points Posted on 10 March 2022
Pls mention the nature of expenses.Is it daily utility bills tds not required?
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On 10 March 2022 at 07:45
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CFO- at NHTF
58280 Points Posted on 10 March 2022
Invoice or payment is the basis for deduction of Tds . So you may cut in February or on the date of payment and not in January based on Provision.
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On 10 March 2022 at 07:47
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39 Points Posted on 10 March 2022
Nature of payment is salary for factory worker paid by a third party vendor and then they make invoice for us.....
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On 10 March 2022 at 12:39
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CFO- at NHTF
58280 Points Posted on 13 March 2022
You can deduct based on the invoice , why provisions is required ?
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On 13 March 2022 at 09:34
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39 Points Posted on 14 March 2022
We make provision to get exact PL and BS report on monthly basic.
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On 14 March 2022 at 08:16


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